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Website Security Startup Source Defense Raises $10 Million

Israel-based Source Defense develops a service that automatically monitors and detects vulnerabilities on third-party applications used on websites

CTech 14:0026.09.18
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Israel-based website cybersecurity startup Source Defense Ltd. has completed a $10 million Series A funding round, the company announced Wednesday. Venture capital firms investing in the round include Palo Alto, California-based Allegis Capital LLC (AllegisCyber), Tokyo-based Global Brain Corp., Connecticut Innovations Inc., and existing investor Jerusalem Venture Partners (JVP).

 

Founded in 2014 and based in Rosh HaAyin, a town in central Israel, Source Defense develops cloud-based software for automatically monitoring and detecting vulnerabilities on third-party applications used on websites. The company intends to use the funding to boost marketing efforts.

 

Source Defense co-founders Avital Grushcovski (left) and Hadar Blutrich. Photo: PR Source Defense co-founders Avital Grushcovski (left) and Hadar Blutrich. Photo: PR

 

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